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    Ministry of Energy and VEB.RF discuss business partnership development issues

    The Minister of Energy of Uzbekistan Alisher Sultanov has met with the delegation of the Russian Federation led by the Chairman of the State Development Corporation VEB.RF, Igor Shuvalov.

    Head of VEB.RF emphasized the effectiveness of cooperation with the Uzbek side and the importance of further development of the bank’s business partnership in the fuel and energy complex of Uzbekistan.
    The parties discussed promising projects for expanding cooperation in various areas of the fuel and energy complex, as well as presented projects in the oil and gas chemistry.
    Among them are new projects in hydropower on modernization of the existing facilities with a total value of 78.4 million euros. It is planned to modernize the cascades of Chirchik, Kadirin, Urta-Chirchik and Tashkent hydroelectric power plants.
    Implementation of the program for increasing the production of hydrocarbon raw materials was discussed. The project customers are Uzbekneftegaz JSC and Natural Gas-Stream JV LLC. 
    Another promising area of partnership is the project on implementation of an automated control and accounting system for natural gas in Uzbekistan.